Supreme Petrochem Ltd (NSE:SPLPETRO) filed the transcript of its Q1 FY2026-27 earnings conference call on 4 August 2026, pursuant to Regulation 30 of SEBI Listing Regulations. The call, held on 29 July 2026, disclosed standalone revenue of Rs 1,693 crore, up 22% year-on-year, alongside an 188% rise in operating EBITDA.
Key Highlights
- Standalone revenue from operations for Q1 FY27 stood at Rs 1,693 crore, a 22% year-on-year increase, driven by higher raw material prices rather than volume growth.
- Operating EBITDA reached Rs 331 crore, up 188% year-on-year, with operating EBITDA margins of 19.53%; net profit after tax was Rs 236 crore, reflecting a PAT margin of 13.96%.
- Sales volume of manufactured products declined 24.5% year-on-year to 70,842 metric tons, attributed to negligible exports and subdued non-OEM segment demand caused by the West Asia crisis.
- The board has approved a new 80,000 tons per annum polystyrene production line at its Amdoshi complex in Maharashtra, with a total capital outlay of Rs 450 crore to be funded entirely through internal accruals.
About the Company
Supreme Petrochem Ltd (NSE:SPLPETRO), headquartered in Mumbai, Maharashtra, is a manufacturer of polystyrene, expandable polystyrene (EPS), and specialty compounding products. The company operates manufacturing facilities including the Amdoshi complex in Maharashtra and serves OEM and non-OEM customers across domestic and export markets in the chemicals and specialty materials sector.
Announcement in Detail
The Q1 FY27 conference call transcript, filed under Regulation 30, disclosed that the revenue increase was driven primarily by elevated styrene monomer prices following supply chain disruptions in West Asia, including suspension of three styrene plants and restricted cargo movement through the Strait of Hormuz. Exports fell to approximately 10-12% of a normal quarter's level, while around 20,000 metric tons of polystyrene was reportedly imported domestically during the period.
On the expansion front, Phase 2 of EPS capacity has been completed. New projects include a wide-width EPS board line of 150,000 cubic meters capacity and compounding capacity expansion from 50,000 to 80,000 tons per annum, both targeted for commissioning by June 2027. The newly approved polystyrene line at Amdoshi is expected to be completed by December 2028, raising total polystyrene installed capacity from 3,00,000 to 3,80,000 tons per annum.
Impact on Investors
Investors will note that the strong EBITDA and PAT figures for Q1 FY27 were achieved despite a significant 24.5% volume decline, reflecting margin expansion driven by the wider delta between styrene monomer and downstream product prices in international markets. The filing shows this margin environment is linked to geopolitical factors that may not persist, and the company itself noted that styrene monomer prices have again risen following renewed hostilities in West Asia.
The disclosed Rs 450 crore capital expenditure, funded entirely through internal accruals, indicates no near-term equity dilution for existing shareholders. Shareholders will observe that management cited PLI scheme-driven export demand and appliance sector capacity growth as long-term demand drivers for the capacity expansion.
Sector / Market Context
India's specialty chemicals and polymer processing sector has faced raw material volatility amid ongoing geopolitical disruptions in the Middle East, a key sourcing region for styrene monomer. The temporary suspension of import duties on commodity polymers, referenced in the call, has been a sector-wide concern flagged by domestic producers to trade bodies including FICCI regarding market share erosion.